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So if I’m reading today’s statement correctly, the plan is still not to have any of AEG’s own manufacturing of Coalswitch but rather PDI will own and operate Ashland, meaning the BOD are free to drain the company of the lumberton cash as they have done for the past two years, shocking absolutely shocking!
Hi Dave,
Oh dear, poor old desperate Dave, brought the big guns out, ‘royal banker’ …..
Who next Dave, we’ve had potent force, magnet, royal banker, oh yes, let’s have a message from BScoutS and then guv….
And all the same person ‘Dave’ ‘Davey boy’ , the trash talking loser and egotistical fool who wanted it all but turned out to be a total loser….. :)
You are right Computer99, there is nothing to be found on the Life Cycle Associates website about the 'analysis' that Rowan wants us to believe happened.
The only comment anywhere about the analysis is in the RNS provided by Rowan and his cronies.
Apparently, so says Rowan, there was a “Comprehensive Study” completed by The Life Cycle Associates.
Trouble is, there is nothing about it on the Life Cycle Associates website. Ha ha. So ‘comprehensive’ that the company who undertook the study can’t be bothered to publish their so-called results.
Ha ha ha.
Take a look at the Life Cycle Associates published offices in 884 Portola Road, Suite A11 Portola Valley. Just put '884 Portola Road, Suite A11 Portola Valley' into Google Search. The photos are hilarious:
The building is a shed-like thing we see in forests that is for use by school kids and the odd hiker. The kind of place with a Walls ice-cream sign outside that sells mugs with drawings on the local forest. Ha ha.
There is the ‘Parkside Grille’ and a chiropractor next door. Not much space for a world-renowned “independent business and environmental consultancy”. Ha ha ha. Priceless.
Rowan, how much do the Parkside Grille charge for a well done slice of Pork Pie? Ha ha.
This was just a dodgy statement about non-provable results of a non-provable study by a place that shacks up in the middle of a forest with a café and a chiropractor. Desperate Rowan, desperate.
The desperation to keep this non-producing company above 0.1 is hilarious.
The real good news is that the rampers are so clear to see. Last few days has seen a ‘oh so natural’ conversation between supposedly ‘two’ people with all the language associated with that type of baseless ramp. Ha ha.
Vacuous comments include:
‘Sales should start to flow now’
‘Yes you are absolutely right… once this is cleared which should be very soon the price will rise’.
Any idea when Rowan might talk about the company rather than ways to keep his current account busy without lifting a finger to do anything? Ha ha.
Been over a year. Recent RNS still talks about long lead times to get machinery together (like one did a year ago).
Just face it, this is going nowhere - ever.
Might flip the sentiment, orders should flow in now. Plus people buying are getting all time lows too. Share has a long history of super spikes so probably a good time for a gamble under 0.13p, last year it went from 0.3p to 2p in a week
Is there a link to this new report, the only report i can find on the Lifecycle website is over a year old and generic ?
Well, this (RNS) is interesting. I'll buy back in, me thinks. :)
Reckon it'll be a placing as someone is offloading.
It will allow the stock to be traded on the OTC market.
There will be a fundraise, they've openly disclosed that. Wether it is issuing more shares or a loan remains to be seen.
I can't remember the cost of the 5tph plant but for the proposed build in Maine, they have a lot of equipment already, yet will still need to raise additional funds to the sale of Lumberton.
My guess is the permit applied for is minimum 10tph.
The way I read consolidation is that we don't lose any value to our current share value
However it does not read well to investors the bod are doing this to avoid the share dropping further from what I've read it does not look like a positive move just seem to think the bod are doing there best keep this dead duck afloat a little longer to keep them in jobs
I take it that if the consolidation of shares happens the value per share goes up and so makes it easier to raise more money again in the market by doing their old favourite trick of issuing more shares ?
Also as a shareholder I guess I can just turn up to the agm ?
....have been banging on about for over 4 years ...
5 years 6 months ago we were treated to an RNS that stated "Funding for First CoalSwitch Plant Secured"
In the time since then AEG have reportedly produced less than 10 Tonnes of Coalswitch, The Local primary school kids could have produced more in their science lab.
When do we hear an update regarding the Lumberton sale, and where the cash is going, or more likely that the sale has fallen through because the due diligence has turn up some shady dealing from the BoD.
Make sure you vote against resolutions 2 and 6 at the AGM or else more assets will be turned into cash and disappear out the door!
The board set out that the consolidation will make trading in the shares more attractive
Wow, don’t they reckon then that actually producing the product they have been banging on about for over 4 years will do that ??
35 shares to 1 consolidation subject to shareholder approval,I say no and sack that useless prick Rowan.